ACI Worldwide Stock Forecast
Green day on Wednesday for ACI Worldwide stock after gaining 0.733%
(Updated on May 01, 2024)
The ACI Worldwide stock price gained 0.733% on the last trading day (Wednesday, 1st May 2024), rising from $34.10 to $34.35. During the last trading day the stock fluctuated 3.62% from a day low at $33.95 to a day high of $35.18. The price has risen in 7 of the last 10 days and is up by 9.08% over the past 2 weeks. Volume fell on the last day by -107 thousand shares and in total, 1 million shares were bought and sold for approximately $35.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.02% during the next 3 months and, with a 90% probability hold a price between $35.18 and $38.69 at the end of this 3-month period.
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ACIW Signals & Forecast
Mostly positive signals in the chart today. The ACI Worldwide stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.49 and $32.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Wednesday, September 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, September 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for ACI Worldwide stock
ACI Worldwide finds support from accumulated volume at $34.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.23 (3.62%) between high and low. For the last week, the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: $33.12 (-3.57%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ACIW) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ACI Worldwide to open at $34.49, and during the day (based on 14 day Average True Range), to move between $33.40 and $35.30, which gives a possible trading interval of +/-$0.95 (+/-2.76%) up or down from last closing price. If ACI Worldwide takes out the full calculated possible swing range there will be an estimated 5.53% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $34.10, some $0.250 (0.73%) from the current price of $34.35, our system finds the risk reward attractive.
Is ACI Worldwide stock A Buy?
ACI Worldwide holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.616 Strong Buy Candidate Unchanged
Predicted Opening Price for ACI Worldwide of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $34.49 ( 0.417%) | $34.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACIW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.72 | 4.00 % | |
| R2 | 35.25 | 2.63 % | ||
| R1 | 34.96 | 1.79 % | ||
| Current price: | 34.35 | |||
| Support | S1 | 34.02 | -0.95 % | |
| S2 | 33.73 | -1.80 % | ||
| S3 | 33.26 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 34.35 | |||
| Support | S1 | 34.10 | -0.728% | |
| S2 | 32.91 | -4.19% | ||
| S3 | 30.56 | -11.03% |
FAQ
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